discoverIE Group (LON:DSCV) Earns Buy Rating from Berenberg Bank

discoverIE Group (LON:DSCV)‘s stock had its “buy” rating reaffirmed by analysts at Berenberg Bank in a research note issued on Thursday, Digital Look reports. They presently have a GBX 1,030 ($12.82) price target on the stock. Berenberg Bank’s price objective indicates a potential upside of 53.15% from the stock’s current price.

Separately, Shore Capital reissued a “hold” rating on shares of discoverIE Group in a report on Thursday.

discoverIE Group Trading Down 2.7 %

LON DSCV opened at GBX 672.53 ($8.37) on Thursday. The company’s fifty day moving average price is GBX 713.77 and its two-hundred day moving average price is GBX 702.26. The company has a market capitalization of £644.62 million, a price-to-earnings ratio of 2,930.43 and a beta of 1.04. discoverIE Group has a 12 month low of GBX 586 ($7.29) and a 12 month high of GBX 958 ($11.93). The company has a debt-to-equity ratio of 82.83, a current ratio of 1.50 and a quick ratio of 0.96.

Insider Activity

In other discoverIE Group news, insider Bruce Thompson acquired 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average price of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). In other discoverIE Group news, insider Clive Watson acquired 3,693 shares of discoverIE Group stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of GBX 670 ($8.34) per share, for a total transaction of £24,743.10 ($30,801.82). Also, insider Bruce Thompson bought 4,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was acquired at an average price of GBX 672 ($8.37) per share, for a total transaction of £26,880 ($33,461.97). Company insiders own 4.16% of the company’s stock.

About discoverIE Group

discoverIE Group plc designs, manufactures, and supplies components for electronic applications worldwide. It operates in two segments, Magnetics & Controls; and Sensing & Connectivity. The company offers magnetic and power components, embedded computing and interface controls, and sensing and connectivity components for industrial applications.